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Hi, appreciate your sharing over PropertyGuru, HDB or private condo -

5% cash
20% cash or CPF OA
stamp duty - cash or CPF OA

Assuming 75% loan
Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart
PropNex Senior Associate Division Director Read More

Excited for you on your first home purchase!

It depends on what you're buying and how you plan the purchase, as there are also other fees involved with purchasing properties.

Can drop me a message and I'll be happy to map out the whole financial timeline for you on the entire purchase including the cashflow and monthly mortgage payments over time.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Hi, if this is your first property and you are taking a bank loan, you may generally borrow up to 75% of the property price/valuation, subject to the bank's assessment.

This means you will need to provide the remaining 25% as downpayment:

• Minimum 5% must be paid in cash
• Remaining 20% can generally be paid using CPF OA and/or cash

For example, for a $1 million property, the minimum cash portion would be $50,000, while the remaining $200,000 downpayment can potentially come from your CPF OA.

Do remember to budget separately for Buyer’s Stamp Duty, legal fees and other purchase-related expenses.

The actual loan amount will still depend on factors such as your income, age, existing financial commitments and the bank's assessment.

Hope this helps! Read More

Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More

**Yes, that rule applies when you take a bank loan: the total downpayment is 25%, with at least 5% in cash and up to 20% payable via CPF OA or cash.**

However, whether you actually need cash depends entirely on **which loan** and **what property** you buy:

---

### Downpayment Rules: Bank Loan vs. HDB Loan

| Loan Type / Property | Total Downpayment (Max 75% LTV) | Minimum Cash Required | Can Use CPF OA / Grants? |
| --- | --- | --- | --- |
| **Bank Loan** *(HDB flat or Private Condo)* | **25%** | **Min. 5% Cash** | Remaining **20%** via CPF OA / Cash |
| **HDB Concessionary Loan** *(HDB flats only)* | **25%** | **$0 Cash** *(if CPF OA covers full 25%)* | Up to the **full 25%** via CPF OA / Housing Grants |

---

### Hidden Cash Outlays You Must Prepare

Even if your CPF balance is healthy, you still need liquid cash on hand:

1. **Option Fee / Booking Fee (Always Cash):**
* **HDB Resale:** Up to **S$1,000 cash** to secure the Option to Purchase (OTP), plus up to **S$4,000 cash** deposit when you exercise the option (max S$5,000 total).
* **Private Condo / Resale:** **1% cash** for the OTP, and **4% cash** to exercise (total 5% cash).

2. **Buyer’s Stamp Duty (BSD) & ABSD:**
* Payable within 14 days of exercising the OTP. If CPF cannot be disbursed in time, you must pay upfront in cash and seek reimbursement from CPF later.
* If buying private property as a Singapore PR, factor in **5% ABSD**.

3. **Cash Over Valuation (COV) — HDB Resale Only:**
* If you agree to buy an HDB resale flat above its official HDB valuation, the difference is strictly payable in **100% cash**.

---

1. Are you planning to purchase an **HDB flat** or a **private condominium**?
2. Will you be taking an **HDB housing loan** or a **commercial bank loan**?

---

Gan Eng Joo Onassis 颜荣裕, REALTOR®

MSc BIT (Middlesex, England, United Kingdom); BBA (South Australia)

CEA Reg No: R021244C | Singapore Line: (+65) 88899918 

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Hi Nicole,

1) If you are referring to buying a HDB flat, there are 2 types of loan available; HDB and private banks.
(a) HDB loan: BTO/SBF, can use CPF funds if sufficient for everything. Resale flat, must prepare cash of ~$10k and more, for deposit ($5k), valuation, resale application, caveat, administration & miscellanous charges, agent fees (if applicable), etc.
(b) Private bank loan: 25% downpayment, of which 5% must be in cash, 20% can be CPF funds or cash or both. The downpayment format for BTO/SBF and resale flat is the same.

2) If you are referring to buying a private residential property. There are 2 types; completed & uncompleted. You can only get housing loan from private banks.
(a) The 25% downpayment remains the same. 5% must be in cash.
(b) Uncompleted property (new launch): 5% for the option, 20% within 8 weeks.
(c) Completed property (resale): 1% for the option (OTP), 4% within the stated timeline stated on the OTP. 4% to exercise the OTP at the law firm. The remaining 95% shall be paid on the completion date advise by your conveyance lawyer, around 3 months from the exercise date if seller(s) has outstanding loan, 2 months for no outstanding loan.

3) The buyer stamp duty applies for all purchase. This shall be paid after exercising OTP. The timeline are different dependent on the property purchase.

All The Best!!!

I hope the above answers your main concerns. If you have more questions, please feel free to contact me at 9011*0636 or email ling.ck7@gmail.com if you need more information.
I'll be glad to assist.

Best regards
Ling CK
9011 * 0636
ling.ck7@gmail.com
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/ Read More

Hi,

It depends on what you are buying and which type of loan you take.

The **5% cash requirement applies to a bank loan**. The remaining downpayment can generally be paid using cash and/or CPF OA, subject to the applicable CPF and loan limits.

But the downpayment isn't the only upfront cost to consider. You should also factor in things like **Buyer’s Stamp Duty (BSD), legal fees and other purchase costs**.

So rather than just asking how much cash you need, it is better to work backwards from your income, loan amount, CPF, available cash and the property price to see what you can comfortably afford.

If you're planning to buy, feel free to contact me. I can help you work out the numbers based on your situation and the type of property you're considering.

Dennis Ooi
PropNex Realty
 91382374  Read More

✔1 For a bank loan, you can generally borrow up to 75%, with 25% required upfront. At least 5% must be paid in cash, while the remaining 20% can generally come from cash or CPF OA, subject to the applicable rules.

✔2 For HDB resale, the buyer must prepare the required cash for the OTP deposit, which can be up to $5,000. Other upfront costs such as legal and administrative fees should also be budgeted separately.

✔3 For private property, the 25% bank loan downpayment structure generally applies to both new launches and resale properties, although the payment timing differs according to the purchase stage.

✔4 Buyer’s Stamp Duty and legal fees are additional purchase costs. CPF OA may be used for eligible stamp and legal fees, subject to CPF rules and available funds.

“Before you build a house, make sure you have a strong foundation.” — Lao Tzu

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